On Saturday, three men were arrested in connection with a Rs. 15,000-crore Goods and Services Tax ( GST ) fraud. So far, 44 arrests have been made in the case. It was found that three persons were involved in GST Fraud through 100 Bogus Firms.
On June, the police announced that they had apprehended a gang believed to be involved in the multi-crore GST fraud. The gang registered several companies under stolen or fake identities. These companies were then used to create e-way bills and claim input tax credit ( ITC ) from the govt.
It was reported that the suspected persons, Shubham Jindal (30) and Tarunn Jindal (32), are residents of Delhi, and Kaushik Jain (35) is a resident of Jaipur. The three were arrested by the Sector 20 police from their residences. Their names were revealed during the investigation, and they have been on the run ever since.
The police said that all of them were involved in creating fake companies and have created at least 100 of them in the last two years. Subsequently, they were engaged in producing counterfeit invoices and claiming input tax credit on them. They used to sell these companies to businessmen then availed GST input tax credit on the fake companies.
The suspects have been charged under IPC sections 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document), and 120B (punishment of criminal conspiracy).
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